CHAGRIN FALLS, Ohio -- After a week of tension and outrage from parents, Chagrin Yoga and Precious Resources Preschool reached a compromise Monday that will allow the preschool to stay open through August 2015.

Precious Resources, located at 524 E. Washington St., was planning to close Thursday after the landlord leased the space to Chagrin Yoga for an expansion. Parents from the preschool took to social media to draw attention to the issue, saying it was too late to enroll their children in other preschools for the coming school year.

"There is incredible relief," said Howard Mell, spokesman for the parents at Precious Resources. "The parents are excited and happy, and we wish both businesses years of continued success."

Both businesses claim to have received different information from the landlord last week. Precious Resources said Chagrin Yoga demanded the landlord sign over the space for an expansion. Robin Peavy, co-owner of Chagrin Yoga, claimed the landlord approached her with the expansion offer, which put the studio on the receiving end of backlash from parents. She said she received angry phone calls and was scared to walk her dog.

Peavy decided to ask Developers Realty Inc., the landlord for the building, to rip up the lease she signed May 2 for the expansion.

"I need to expand to better serve my clients, but I guess I am just going to wait," she said.

Though Peavy said she doesn't have other expansion plans at the moment, she said she didn't want the preschool to be forced into closing.

Dave Jezek Jr., spokesman for Developers Realty, said the company met with both businesses Monday and reached a resolution, but he declined to give any more detail.

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